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So what

MongoDB is set to report second-quarter results on Wednesday, and analyst firms have been preparing for that event with a plethora of upgrades and boosted target prices in recent weeks.

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Now what

Citing MongoDB's steady stream of partner announcements and new product releases, Needham analyst Jack Andrews argued that the company could "capture [a] meaningful share of the $45 billion database market." That's a mighty bullish statement, given that MongoDB's annual sales currently stop at roughly $170 million.

That being said, MongoDB is an established leader in the field of NoSQL database architectures. These unstructured databases are a perfect fit for unpredictable data feeds, positioning MongoDB to ride macro trends built on exactly that type of data, such as the Internet of Things and cloud computing.